GameStop slumps after it fires former Amazon executive brought in to modernize the gaming retailer

Published June 8, 2023 7:26 AM

By MICHELLE CHAPMAN
AP Business Writer

Shares of GameStop have plunged after the company fired CEO Matthew Furlong, the former Amazon executive who was brought in two years ago to turn the struggling video game retailer around. The company gave no reason for the dismissal and named Ryan Cohen, the company’s biggest investor, as executive chairman. GameStop’s stock fell almost 18% Thursday. Furlong was named GameStop’s CEO in June 2021 with the mandate of heading the company’s digital remake. He was one of two Amazon executives hired at the time, the other being Mike Recupero, hired as GameStop’s chief financial officer.

Article Topic Follows: AP National Business

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